[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency

[RenegadeMan]

Look at Austria:

https://coinfinity.co/bitcoinbon/

Same system, Bitcoin "coupons", all over the country.

Wow, I had no idea there is smth at that scale in Europe! Bookmarked  

But I would not forget that that "hybrid" 3rd-party solution where both crypto and old physical form preloaded card involved is good as an easy but still risky way to get in crypto imo. All you have after you payed cash is not [bit]coins but a plastic card with numbers until you actually redeem it to your wallet. And now that 3rd-party is basically your new bank.

You just made me think UdjinM6 that life is a never ending interaction with "3rd parties"!

From the time we're born we're dealing with 3rd parties.

The love, nurturing and attention we need as a baby comes (hopefully) via our parents (3rd party).
The education we need to master living in the world comes via our teachers (another 3rd party).
The money we start earning as we get our first paper run job (probably entry level coding work for kids these days, ha!) comes from our country's government (definitely 3rd party!)
The ways in which we get access to our money, if it's not in cash form, from the government is via banks (as 3rd party as they come eh!)
The many many thousands of goods and services we can buy with our money comes from many thousands of providers (lots of 3rd parties).
The supposed spiritual guidance of our relationship to a higher power is for many people facilitated by priests and ministers (yep...they're very 3rdish aren't they!)
Then when we're at the end of our lives and depart this 'mortal coil' supposedly our soul carries on up to heaven (so was our body a 3rd party too?)

I envisage a time when humans will wake up, realise the physical world we appear to be part of (and the matter we appear to be made of) is but one version of many possible ways the universe can be interpreted; it's no more real, permanent or fixed than the belief-support we lend to it. Then all these 3rd parties that seem to be part and parcel of existence will not be necessary as we realise our oneness with the source.

(there's my Dash thread deep & meaningful for today).

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[alex-ru]

Buy the way biggest Russian traditional electronic payment system ("Webmoney") supports "BTC derivative" (WMX-currency) so people can easily convert and use "Bitcoins" in second without touching real Bitcoins.

http://www.wmtransfer.com/eng/legal/garants/wmx.shtml

Hope one day they will add DASH also.

[ddink7]

http://motherboard.vice.com/read/why-i-had-to-buy-my-wifes-inhaler-on-the-dark-web

Excellent article...but when will people learn that BITCOIN IS NOT ANONYMOUS??? Should have used Dash =)

[toknormal]

That orderbook is fairly filling up.

The bids have now filled up to the 13 level. There was a 1k cashout on finex earlier today but it didn't move the price because the bids were there. There's now 20BTC's worth of bid at or above 13 and we're not even finished the last 4 hour correction. The asks on the other hand are as thin as a strand of spaghetti.

What's going on ?

Demand seems to be building by stealth.

(P.S. I only monitor finex now cos I've lost telemetry with cryptsy).

(EDIT: Example - using BCW's trading calculator, I can cashout 2000 Dash right now and barely move the price at all, meanwhile to get back in with that amount I need to push the price to nearly 16).

[BrainShutdown]

What's going on ?

I would say v12 on testnet getting really solid 

[toknormal]

I would say v12 on testnet getting really solid  

Are there a lot of people testing it ? Is this the de-centralised blockchain governance stuff ?

[BrainShutdown]

I would say v12 on testnet getting really solid  

Are there a lot of people testing it ? Is this the de-centralised governance stuff ?

Yes. Yes. And don't forget, the reference node is no more 

[TanteStefana2]

If we (crypto) are gonna try to get the MASSES involved, we HAVE TO HAVE A SIMPLE SOLUTION....

Crypto derivatives is what will make it accessible to "the masses". They do not want to be faffing around with wallets.

Here's an interesting crypto-derivative:

https://www.cryptocoinsnews.com/new-spanish-service-lets-people-buy-bitcoin-local-stores/

You walk into a shop in Spain. You buy one of these cards and pay 100 Euros for it - easy as pie, no wallets, nothing. Apparently the card is 'bitcoin' and is worth 100 Euros, except it isn't. It's just backed by bitcoin (you can redeem it by creating a wallet, going to a web site and entering your wallet address and card number, at which point the appropriate amount of bitcoin corresponding to that day's exchange rate will be transferred to your address.

Think about it. These cards are the exact equivalent of the old gold and silver reserve banknotes that said "The Bank of England promise to pay the bearer on demand"...etc.

This is what's needed - crypto-derivatives. It's the next layer of cryptocurrency financial system. I personally think that Spanish system is one of the greatest developments in bitcoin to date and I'm amazed that there hasn't been more hype about it.

Think about it - in one fell swoop, they've solved the volatility problem for a start. One of those 100 Euro Spanish bitcoin cards is always worth 100 Euros, regardless of the bitcoin price. So it can be used as money in it's own right.

Crypto derivatives. Thats "your man"  

I think I might buy one and post a picture of it here for posterity - one of those shops is about half a mile from me.  Dash should get in on this game if it can.

Please, if you do, please explain exactly what is happening, because the article is awfully vague!  It sounds like you have to come armed with your account number, then you buy the coins directly, just at a retail store instead of an exchange.  And your coins are sent from the store, directly into your wallet, no?

And what is there to keep the state from regulating this with passports, fingerprints, eye scans, first born, etc...?  Also, how is this a derivative?

[TanteStefana2]

Look at Austria:

https://coinfinity.co/bitcoinbon/

Same system, Bitcoin "coupons", all over the country.

Wow, I had no idea there is smth at that scale in Europe! Bookmarked  

But I would not forget that that "hybrid" 3rd-party solution where both crypto and old physical form preloaded card involved is good as an easy but still risky way to get in crypto imo. All you have after you payed cash is not [bit]coins but a plastic card with numbers until you actually redeem it to your wallet. And now that 3rd-party is basically your new bank.

It's really hard to break people of their habits.  It's time for people to be responsible for their own money.  Dash allows that far more so than any other crypto because of it's actual usefulness.  It is cash, with instant transactions, you can pay and leave in a real world store, unlike any other crypto.  It's seriously a total, TOTAL game changer, not just a new tool for the establishment.

 Anyway, I don't understand why you need your account number.... must have read that wrong....

Ok, due to Alex-ru's picture, LOL, I am starting to get it.  So you buy a $100 voucher.  Until you redeem it though, you're losing money assuming BTC is rising.  I take it, when you redeem it, you "buy" at the going rate.  So if BTC is rising, the longer you wait the less you will get.  Also, you're kind of stuck with this company as your exchange.

But it is an easy way to transfer fiat to BTC.  So it can only be a good thing

[TanteStefana2]

Look at Austria:

https://coinfinity.co/bitcoinbon/

Same system, Bitcoin "coupons", all over the country.

Wow, I had no idea there is smth at that scale in Europe! Bookmarked  

But I would not forget that that "hybrid" 3rd-party solution where both crypto and old physical form preloaded card involved is good as an easy but still risky way to get in crypto imo. All you have after you payed cash is not [bit]coins but a plastic card with numbers until you actually redeem it to your wallet. And now that 3rd-party is basically your new bank.

You just made me think UdjinM6 that life is a never ending interaction with "3rd parties"!

From the time we're born we're dealing with 3rd parties.

The love, nurturing and attention we need as a baby comes (hopefully) via our parents (3rd party).
The education we need to master living in the world comes via our teachers (another 3rd party).
The money we start earning as we get our first paper run job (probably entry level coding work for kids these days, ha!) comes from our country's government (definitely 3rd party!)
The ways in which we get access to our money, if it's not in cash form, from the government is via banks (as 3rd party as they come eh!)
The many many thousands of goods and services we can buy with our money comes from many thousands of providers (lots of 3rd parties).
The supposed spiritual guidance of our relationship to a higher power is for many people facilitated by priests and ministers (yep...they're very 3rdish aren't they!)
Then when we're at the end of our lives and depart this 'mortal coil' supposedly our soul carries on up to heaven (so was our body a 3rd party too?)

I envisage a time when humans will wake up, realise the physical world we appear to be part of (and the matter we appear to be made of) is but one version of many possible ways the universe can be interpreted; it's no more real, permanent or fixed than the belief-support we lend to it. Then all these 3rd parties that seem to be part and parcel of existence will not be necessary as we realise our oneness with the source.

(there's my Dash thread deep & meaningful for today).

No, actually, unless you work for the government, you're paid by your employer, who hopefully is producing with his/her company, which creates value.  Then it gets complicated, where the government and banks leverage that work and steal that value.

[qwizzie]

seems someone got a bit lost in the altcoin discussion section so i'm posting his post here :

who can say me how to compile darkcoin/dash wallet on windows  

https://bitcointalk.org/index.php?topic=1122099.0

if you know the answer be a good samaritan and reply to his post .. thanks

[WastedLTC]

Given the nature of DASH.   Can we please move away from a wallet.dat file that can be opened without password?    Would be nice if the file was encrypted so if it was found on your computer or someone was able to grab it they couldn't see all of your transaction history.

[TanteStefana2]

Given the nature of DASH.   Can we please move away from a wallet.dat file that can be opened without password?    Would be nice if the file was encrypted so if it was found on your computer or someone was able to grab it they couldn't see all of your transaction history.

First, if you encrypt your wallet with a pass phrase, nobody will be able to access your coins.  Second, all you have to do to keep anyone from actually opening the wallet.dat file is use a compressor, such as 7zip, that has the ability to encrypt the file.  Then you'll need that pass phrase to unzip it.

[qwizzie]

Given the nature of DASH.   Can we please move away from a wallet.dat file that can be opened without password?    Would be nice if the file was encrypted so if it was found on your computer or someone was able to grab it they couldn't see all of your transaction history.

First, if you encrypt your wallet with a pass phrase, nobody will be able to access your coins.  Second, all you have to do to keep anyone from actually opening the wallet.dat file is use a compressor, such as 7zip, that has the ability to encrypt the file.  Then you'll need that pass phrase to unzip it.

third, with commandline -wallet=XXXX you can rename your wallet.dat to something else, the .dat file extension isnt even necessary in that case.
This will make things more difficult for accidentally installed spyware..

[ArpFlush]

third, with commandline -wallet=XXXX you can rename your wallet.dat to something else, the .dat file extension isnt even necessary in that case.
This will make things more difficult for accidentally installed spyware..

Good tip! Today I've read that even #HackingTeam has such a spytool
http://arstechnica.com/security/2015/07/hacking-team-broke-bitcoin-secrecy-by-targeting-crucial-wallet-file/

ps: I don't find this command via the console 

[WastedLTC]

third, with commandline -wallet=XXXX you can rename your wallet.dat to something else, the .dat file extension isnt even necessary in that case.
This will make things more difficult for accidentally installed spyware..

Good tip! Today I've read that even #HackingTeam has such a spytool
http://arstechnica.com/security/2015/07/hacking-team-broke-bitcoin-secrecy-by-targeting-crucial-wallet-file/

First response is obvious.  Add passphrase.  This has nothing to do with what I am saying.  I'm not asking to keep them safe, I am asking for my history to be safe.

Second point is also obvious.   Encrypt the file and delete it, then unencrypt it before loading up wallet.    This is also not ideal.   

So far this appears to be the best option out of the 3 you stated.   (don't use the file name WALLET.DAT).  This will help if u get infected and someone is looking for the file but if someone confiscates your machine,  finding the wallet file would be very easy.  Especially if u have it linked via a shortcut.

I appreciate your responses,  I still feel that the QT wallet should do this for you.   Once you encrypt the file,  don't allow the file to be read by the QT wallet unless key phrase is entered.    Exposing all the public keys and transaction history without any native projection is silly from my POV.

I'm really not asking much...   

[qwizzie]

third, with commandline -wallet=XXXX you can rename your wallet.dat to something else, the .dat file extension isnt even necessary in that case.
This will make things more difficult for accidentally installed spyware..

Good tip! Today I've read that even #HackingTeam has such a spytool
http://arstechnica.com/security/2015/07/hacking-team-broke-bitcoin-secrecy-by-targeting-crucial-wallet-file/

First response is obvious.  Add passphrase.  This has nothing to do with what I am saying.  I'm not asking to keep them safe, I am asking for my history to be safe.

Second point is also obvious.   Encrypt the file and delete it, then unencrypt it before loading up wallet.    This is also not ideal.  

So far this appears to be the best option out of the 3 you stated.   (don't use the file name WALLET.DAT).  This will help if u get infected and someone is looking for the file but if someone confiscates your machine,  finding the wallet file would be very easy.  Especially if u have it linked via a shortcut.

I appreciate your responses,  I still feel that the QT wallet should do this for you.   Once you encrypt the file,  don't allow the file to be read by the QT wallet unless key phrase is entered.    Exposing all the public keys and transaction history without any native projection is silly from my POV.

I'm really not asking much...  

Well, i think we still have this one somewhere in the planning (in the longterm planning i think) : https://dashtalk.org/threads/feature-2-factor-authentication.3176/

[WastedLTC]

Well, i think we still have this one somewhere in the planning (in the longterm planning i think) : https://dashtalk.org/threads/feature-2-factor-authentication.3176/

Thanks.   I did see that and it sounds like it would protect from spending but the transaction history would see be available.   

[TanteStefana2]

Given the nature of DASH.   Can we please move away from a wallet.dat file that can be opened without password?    Would be nice if the file was encrypted so if it was found on your computer or someone was able to grab it they couldn't see all of your transaction history.

First, if you encrypt your wallet with a pass phrase, nobody will be able to access your coins.  Second, all you have to do to keep anyone from actually opening the wallet.dat file is use a compressor, such as 7zip, that has the ability to encrypt the file.  Then you'll need that pass phrase to unzip it.

third, with commandline -wallet=XXXX you can rename your wallet.dat to something else, the .dat file extension isnt even necessary in that case.
This will make things more difficult for accidentally installed spyware..

Can that same renamed wallet, say called Tantes.iou be used live?  Or is that just for saving somewhere before you rename it to wallet.dat again?

[WastedLTC]

Can that same renamed wallet, say called Tantes.iou be used live?  Or is that just for saving somewhere before you rename it to wallet.dat again?

I believe the command line is added when you start the QT wallet.  So it would be used live.